A guaranteed income annuity (GIA) is a type of insurance product offered by insurance companies to provide a predictable and guaranteed stream of income to the annuity holder.
It is often used as a financial tool for retirees or pre-retirees who want to ensure a steady flow of income during their retirement years.
The main purpose of a GIA is to provide financial security and peace of mind for individuals during their retirement years.By offering a guaranteed income stream, GIAs help mitigate the risk of outliving one’s savings and protect against market volatility .Investors who may consider a GIA include those […]
Full Post at www.financestrategists.com